News Corp plunges on BSkyB deal fears (one of the prettiest charts you've ever seen)

[Snoutport]

http://money.cnn.com/quote/quote.html?symb=NWSA

The chart says it all. I can't wait to update this at the close of tomorrow's markets. :0)

[Hubert Flottz]

1. I hope Rupie ends up in jail along with all of his gangsters and thugs.

[Hubert Flottz]

3. Who will hacks like Anderea Mitchell and Brian Williams quote

every day if there's no "WSJ Poll"? I hope the entire Reich Wing Propaganda machine comes unglued. I wonder who all CNN and Abc and NBC have been hacking? Can this hacking be an MSM SOP these days? I mean, is Rupert the only propagandist that came up with this plan...I doubt it.

[Dept of Beer]

2. May it all fall apart. Goodbye Newscorp. Goodbye FOX.

What will happen to all the male and female news bimbos at FOX if the company hits the shit?


Perhaps Al Gore could come in and buy it up for pennies on the dollar.


Now talk about poetic justice.

[Ganja Ninja]

8. Sean Hanity will instantly revert to what he was meant to be in a universe without Murdock.

He'll be selling Slap Chops and Sham Wows.

[Angry Dragon]

4. I want to see it as a penny stock...................

[Dept of Beer]

6. heh.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=1470730&mesg_id=1470744

[dipsydoodle]

5. News Corp.’s Lost $7B Shows Investor Concern

News Corp. (NWSA)’s loss of $7 billion in market value over four trading days shows investor concerns that a probe into alleged phone hacking by journalists at one London newspaper could have a broader impact on the company.

Rupert Murdoch’s New York-based media company tumbled 4.6 percent to A$15.19 in Sydney today. The stock lost $1.27, or 7.6 percent, to $15.48 in Nasdaq Stock Market trading yesterday, the biggest drop since April 2009. It was the fourth straight decline in the company’s closing price, cutting its market value by 15 percent to $41.2 billion.

The slide is far out of proportion with the lost profits from closing the News of the World tabloid or from delaying the acquisition of the satellite-TV provider British Sky Broadcasting Group Plc (BSY), said David Bank, an analyst at RBC Capital Markets in New York. Investors are concerned about the scandal’s effect on other News Corp. holdings, which include the Fox TV networks and film studios, the Wall Street Journal and three other newspapers in the U.K.

“There’s a lot of noise out there,” said Bank, who rates the stock “outperform” and doesn’t own any. “These headlines cause massive swings in sentiment and stock price, leaving a cloud of uncertainty about how deep the allegations go.”

http://www.bloomberg.com/news/2011-07-12/news-corp-s-lost-7-billion-shows-investor-concern-over-hacking-fallout.html

[Shagbark Hickory]

7. So the price rapidly dropped a whole $1.25

Big whoop.

And it's up today.

Repeat after me.
Murdoch is not going to get in trouble.
His companies will prevail.
This deal will go through.

Haven't we learned anything about rich people?